PETROENG 7053 - Reservoir & Project Management

This course will be comprised of 2 components; Project Management and Integrated Reservoir Management.

Project Management outlines the necessary management processes and control methods required for the successful management of resources, budgets and costs, and schedule. Project management covers all major elements of project management, with emphasis on delivering a project in budget and on time. Areas covered will include an overview of project management, project initiation, project plan development, project execution and delivery, monitoring and control and project closeout. Key concepts, terms and principles of project management and project management methodology for the whole life cycle of a project will be covered. Students will learn to plan projects, handle multiple stakeholders, build a Work Breakdown Structure, estimate resources, optimise schedules, quality control, manage stakeholder communications, risk planning, tracking and reporting of project status. Students will also gain an appreciation of the roles and skills of the project manager and all team members.

Integrated Reservoir Management aims at bringing together learnings from geology, geophysics, formation evaluation reservoir engineering, wellbore engineering and surface facilities engineering. It will discuss a wide variety of reservoir description, surveillance, interpretation, studies, reserves determination, production forecasting and operational considerations which together constitute Integrated Reservoir Management. It focuses on providing a basis for practical development and implementation of Integrated Reservoir Management and Reserves Optimisation programs with emphasis on cost effectiveness and economic justification.